Which economic term describes the additional benefit from consuming one more unit of a product?

The term that describes the additional benefit from consuming one more unit of a product is marginal benefit. In economics, marginal benefit refers to the increase in utility or satisfaction that a consumer receives from consuming an additional unit of a good or service. This is important for understanding consumer choices and decision-making, as it helps individuals evaluate whether the extra utility gained from additional consumption justifies the cost incurred.

When consumers consider whether to purchase more of a good, they compare the marginal benefit to the marginal cost (the cost of acquiring one more unit). If the marginal benefit exceeds the marginal cost, it indicates that the consumption of that additional unit is worthwhile. This concept is fundamental in determining how much of a product a consumer is willing to buy, influencing demand and market prices.